Institute call for capital works investments gains traction

The first tranche of accelerated works projects has been announced by the Queensland Government as part of the economic recovery plan. Eight projects were announced comprising $66 million in capital works to help rebuild Queensland’s economy.

This follows the Institute’s calls for substantial additional funds to catalyse infrastructure and employment. The Institute’s call is included in our earlier Project Bounce Back document.

State Development Minister Kate Jones acknowledged construction is an important part of Queensland’s economic recovery strategy.

“We want to see cranes in the air and boots on the ground to provide certainty for the construction industry and help move the state further along on the path towards economic recovery,” Ms Jones said.

The accelerated projects include:

  • Carseldine Village development – civil works for stages two and three of the Carseldine Village development due to commence in the next 12 months, which, along with stage one civil works are currently under construction supports more than 50 construction jobs through a $17 million total investment
  • Lumina at the Gold Coast Health and Knowledge Precinct – plans are being brought forward to expand the increasingly popular Cohort coworking, innovation and laboratory space, which is almost at capacity
  • Yeppoon development – works for the Capricorn Coast Rail Trail will start in coming weeks, essential structural works on the heritage rail station building are nearing completion
  • Sunshine Coast Industrial Park – initial bulk earthworks for stage two, which has Sunshine Coast Regional Council approvals, will begin in coming weeks. A development application for stage two of the industrial park has been lodged with the Sunshine Coast Regional Council
  • Yeronga Priority Development Area development – a new Yeronga Community Centre and civil works associated with the redevelopment of the former Yeronga TAFE site that will create 33 construction jobs and facilitate further private sector investment are currently undergoing approvals
  • Northshore stage one waterfront development – a $7.4 million investment has been brought forward to transform an expansive river edge into a destination for innovation, enterprise and creativity, supporting up to 30 construction jobs
  • Oxley Priority Development Area development – civil works for stage one are currently being planned and subject to necessary approvals the $5.2 million dollar investment (supporting 17 construction jobs) will commence this year

For further information visit Economic Development Queensland.

Any feedback can be provided to Policy Manager, Martin Zaltron via email or on (07) 3229 1589.

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